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Nigeria’s SEC Enforces ₦2 Billion Capital Rule to Reshape Crypto Industry

Nigeria’s SEC Enforces ₦2 Billion Capital Rule to Reshape Crypto Industry

Author:

Global Cryptocurrency

Published:

2026-01-18 04:07:02

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BTCCSquare news:

Nigeria’s Securities and Exchange Commission (SEC) has overhauled operational requirements for crypto firms, mandating a minimum paid-up capital of ₦2 billion for digital asset exchanges and custodians. The move, announced on January 16, marks the regulator’s first major framework update in a decade.

Virtual asset service providers face tiered capital requirements ranging from ₦300 million to ₦1 billion, with extended oversight covering robo-advisers and crowdfunding platforms. The SEC frames the policy as a dual measure to safeguard investors while aligning Nigeria’s digital asset market with global standards.

By:

Nigerian SEC Intensifies Crackdown on Crypto Fraud Through Police Partnership

|Square

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